Westbrook Partners has expanded its office portfolio in Berlin with the acquisition of its fourth asset in the German capital.
The real estate investment firm said it has paid an undisclosed sum to buy the predominantly office building at Leipziger Strasse 124 from a group of private investors.
Completed in 2005, the building comprises a basement, ground floor and another 7 above-ground storeys.
Ruben Herrmann, managing principal at Westbrook, said: “By acquiring Leipziger Strasse 124, our fourth office property acquisition in Berlin, we have further strengthened our commitment to the German capital.
“We can provide tenants with highly attractive office space, at short notice, in one of Berlin’s prime locations.”
Westbrook recently launched its eleventh real estate fund, which targets value-add German commercial and residential properties.
The Westbrook Real Estate Fund XI fund has over $2bn (€1.9bn) of equity commitments, the manager said.